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Spencer, IN

Commercial

Spencer, IN Commercial Land for Sale

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Industrial Land Near Retail Anchors

Updated: Aug 4

Industrial Land Near Retail Anchors

1.54 ac 5th Avenue, Spencer, IN 47460

$57,500

1.54 AC lot

1.54‑acre industrial land parcel
Public Sewer available
Located on 5th Avenue in Spencer, IN 47460
Adjacent to Wendy's and O'Reilly Auto Parts
Situated at the west end of Spencer

Highway-Access Commercial Land

Updated: Sep 14

Highway-Access Commercial Land

2 Lots Morgan Street, Spencer, IN 47460

$295,000

0.40 AC lot

Commercial land along Morgan Street in Spencer, IN 47460
Access to SR 46, SR 67, and US Hwy 231
Water, sewer, natural gas, and electric available on or at the street
Stated use possibilities include retail, office, and service‑based businesses
Located in Owen County, Indiana

Wooded Land with Highway Access

Wooded Land with Highway Access

1650 E State Road 46, Spencer, IN 47460

$259,900

14.44 AC lot

Open and wooded acreage supports residential, recreational, or small commercial development concepts.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Commercial Land with BLM1 Zoning

Commercial Land with BLM1 Zoning

1.54 Acres Street, Spencer, IN 47460

$57,500

1.54 AC lot

BLM1-zoned parcel adjacent to Wendy's and O'Reilly Auto Parts in Spencer.

Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 4 Active listings in Spencer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 34 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Commercial Zoned Corner Building Lot

Commercial Zoned Corner Building Lot

909 W Temperance Street lot: 24, Ellettsville, IN 47429

$47,500

0.20 AC lot

A 0.2-acre corner lot in Ellettsville suitable for a small office or home, not in a flood zone.

Corner Commercial Land Lot

Corner Commercial Land Lot

909 W Temperance Street, Ellettsville, IN 47429

$47,500

0.20 AC lot

A 0.2-acre corner lot in Ellettsville suitable for a small office or residential development.

Commercial Property with Pole Building

Commercial Property with Pole Building

4890 W State Road 46, Bloomington, IN 47404

$449,999

1.27 AC lot

Commercial-zoned property on State Road 46 with a renovated limestone ranch and substantial pole building for storage or workspace.

Commercial Parcel on Finance Road

Commercial Parcel on Finance Road

3389 N Finance Rd, Bloomington, IN 47404

Contact for pricing

Commercial land with road frontage in a growing corridor.

Off-Market Properties in Spencer, IN

Consider similar Off-Market properties in Spencer, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

886 Franklin St

VACANT COMMERCIAL LAND

886 Franklin St, Spencer, IN 47460-1156

Estimated value:

$260,000

3.61 AC lot

Franklin St

VACANT COMMERCIAL LAND

Franklin St, Spencer, IN 47460

Estimated value:

$255,000

0.37 AC lot

319 Walnut St

VACANT COMMERCIAL LAND

319 Walnut St, Spencer, IN 47460-1641

Estimated value:

$250,000

0.13 AC lot

371 Walnut St

VACANT COMMERCIAL LAND

371 Walnut St, Spencer, IN 47460-1641

Estimated value:

$260,000

0.06 AC lot

Market St

VACANT COMMERCIAL LAND

Market St, Spencer, IN 47460

Estimated value:

$250,000

0.34 AC lot

602 Fletcher Ave

VACANT COMMERCIAL LAND

602 Fletcher Ave, Spencer, IN 47460-1013

Estimated value:

$265,000

0.30 AC lot

710 Fletcher Ave

VACANT COMMERCIAL LAND

710 Fletcher Ave, Spencer, IN 47460-1015

Estimated value:

$185,000

1,946 sqft 0.98 AC lot

600 Fletcher Ave

VACANT COMMERCIAL LAND

600 Fletcher Ave, Spencer, IN 47460-1013

Estimated value:

$175,000

1,341 sqft 0.57 AC lot

520 Fletcher Ave

VACANT COMMERCIAL LAND

520 Fletcher Ave, Spencer, IN 47460-1011

Estimated value:

$255,000

0.14 AC lot

Morgan St

VACANT COMMERCIAL LAND

Morgan St, Spencer, IN 47460

Estimated value:

$245,000

0.02 AC lot

470 Morgan St

VACANT COMMERCIAL LAND

470 Morgan St, Spencer, IN 47460-1222

Estimated value:

$250,000

0.20 AC lot

1953 State Hwy 46

VACANT COMMERCIAL LAND

1953 State Hwy 46, Spencer, IN 47460-6446

Estimated value:

$210,000

4,620 sqft 2.86 AC lot

540 Fletcher Ave

VACANT COMMERCIAL LAND

540 Fletcher Ave, Spencer, IN 47460-1011

Estimated value:

$150,000

816 sqft 0.14 AC lot

7823 State Hwy 43

VACANT COMMERCIAL LAND

7823 State Hwy 43, Spencer, IN 47460-5954

Estimated value:

$260,000

8.51 AC lot

Vilas Rd

VACANT COMMERCIAL LAND

Vilas Rd, Spencer, IN 47460

Estimated value:

$265,000

0.29 AC lot

Vilas Rd

VACANT COMMERCIAL LAND

Vilas Rd, Spencer, IN 47460

Estimated value:

$265,000

1.00 AC lot

State Hwy 43

VACANT COMMERCIAL LAND

State Hwy 43, Spencer, IN 47460

Estimated value:

$265,000

1.06 AC lot

2333 State Hwy 43

VACANT COMMERCIAL LAND

2333 State Hwy 43, Spencer, IN 47460-6862

Estimated value:

$260,000

2.74 AC lot

Par Ave

VACANT COMMERCIAL LAND

Par Ave, Spencer, IN 47460

Estimated value:

$255,000

0.10 AC lot

State Hwy 46

VACANT COMMERCIAL LAND

State Hwy 46, Spencer, IN 47460

Estimated value:

$260,000

1.57 AC lot

Spencer, IN Commercial Land Market Trends and Statistics

Explore 38 commercial land for sale in Spencer, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 780,595 square feet of properties for sale, with an estimated market value of $669,900.

Sale prices for commercial lots in Spencer, IN start at $57,500, averaging $167,475, and reaching up to $295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 11K

Population Growth (5Y) +4.4%

Median Household Income $67,688

College Educated 29.5%

High-Yield Neighborhoods for Investment

Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
47460	$248.3K

Taxes & Financing

Tax Rate (average for all types) 1.89%

Property Tax per SF $34.39 per SF

Tax Rate vs County Average 0.09 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Owen County

New Delisted

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